The last Risk Doctor Briefing looked at eleven principles for risk management which are contained in the international risk standard ISO31000:2009. We suggested that adopting and implementing these principles could lead to a more effective approach to managing risk. But ISO 31000:2009 is not the only risk standard that offers a set of risk principles. The UK Office of Government Commerce (OGC) is responsible for the Management of Risk methodology (M_o_R *) which is widely used in government and elsewhere, and the most recent M_o_R guidelines include a set of eight risk principles that can be applied in any setting or type of organisation.
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